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All Forum Posts by: Craig Combs

Craig Combs has started 2 posts and replied 11 times.

@Heather Frusco what mortgage late fees? Murphy just announced a moratorium on mortgage in NJ. No late fees. No credit ding for 3 months.

Post: Is the Newark water crisis an issue for you?

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6

@Ezra N. I was thinking about this. Would love to hear some opinions as well. Personally I’m not sure what liability the home owner takes on in a situation like this. Can the tenants come after home owners if they get sick?

Post: First Real Estate Deal

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6

Congrats man. Hopefully the first of many

Originally posted by @Marcus Lawson:

Hey man, 400K is enough to get you into a multifamily in Union County. If you want an urban area then look into Elizabeth. It is a better area than Newark, East Orange, etc.  I would also check out Roselle, Linden, and Rahway. 

 The property taxes in Roselle will destroy your profits. Stay far away. Linden also has insane property taxes. Rahway is a good city to invest in. Not a lot on the market for multi families right now in any of those three towns/city though. 

Post: Lemonade Insurance Company

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6
Thanks Jason. I see they are now doing home owners insurance so I hoped landlord insurance was apart of that. Are there any other insurance disrupters you know of?
Hey Stefano. I have a guy in the area who does land surveying and can get you two connected. Let me know. Craig

Post: Lemonade Insurance Company

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6
Is anyone using Lemonade as their insurance provider? Curious on if the rates are actually better and if it works well with investment properties in New Jersey, New York, Pennsylvania, etc. -Craig

Post: Newark NJ - great agents

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6
Hey Kieth. I know an agent who does really well with placing tenants in the area. Hey feel free to message me and i can bridge you two.
I would look for a new lender. I have a 650 and lenders are fighting to get my business for a cash out. Valley’s National has a program where you pay 899 for all closing costs including an appraisal.

Post: New To Bigger Pockets (NJ)

Craig CombsPosted
  • Union, NJ
  • Posts 11
  • Votes 6
Thank you for the well wishes everyone. Appreciate it. Miguel - it’s a 3/1 cape on the clark boarder